Dip in NR exports in Q1 2018: ANRPC – Rubber Asia

The Natural Rubber (NR) exports by Association of Natural Rubber Producing Countries (ANRPC) was decreased by five percent during January-March, 2018, from 2.448 million tonnes to 2.325 million tonnes in the same period a year ago. This is inclusive of NR exported to China in the form of compound rubber under HS4005.10, HS4005.20, HS4005.91, HS4005.99 and mixture rubber under HS4002.80, said the Natural Rubber Trends and Statistics report by ANRPC in March 2018. The world production of NR recorded a 3.3% growth to 3.152 million tonnes during the first quarter of 2018.

“During the first three months of 2018, exports grew 0.9% in Thailand, 2.3% in Vietnam and 16.9% in Cambodia, while, it fell 11.2% in Indonesia and 7.2% in Malaysia, on a year-to-year basis. NR exports in January 2018 was up by 5.9% when compared to the same period in 2017. However, exports started declining in February and March 2018. The fall in exports in March was in double digits at 11.5%, highest so far in 2018. The drop in exports in February was 9.2%,” the ANRPC report said.

Most physical rubber prices have improved during March 2018, except SMR-20 in Kuala Lumpur and RSS-4 in Kottayam, the report said.